Towa Food Service Co., Ltd. (JASDAQ:3329) announces a share repurchase program. Under the program, the company will repurchase 41,000 shares, representing 1% of the outstanding shares for ¥90 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until January 31, 2017. As of November 27, 2016, the company had 4,093,200 shares outstanding and 17,302 shares in treasury.